TRANSACT TECHNOLOGIES INC — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSACT TECHNOLOGIES INC (TACT)
CIK: 0001017303
Period of Report: 2021-02-27

Reporting Person: SHULDMAN BART C (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-27	Common Stock	A	4245	—	Acquired	72360	Direct
2021-02-27	Common Stock	A	4110	—	Acquired	76470	Direct
2021-03-01	Common Stock	A	1590	—	Acquired	78060	Direct
2021-03-01	Common Stock	A	1199	$9.89	Acquired	79259	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-27	Restricted Stock Units	$	M	6275	Disposed		Common Stock (6275)	Direct
2021-02-27	Restricted Stock Units	$	M	6075	Disposed		Common Stock (6075)	Direct
2021-03-01	Restricted Stock Units	$	M	2350	Disposed		Common Stock (2350)	Direct
2021-03-01	Stock Option	$9.89	M	8750	Disposed	2021-03-07	Common Stock (8750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4800	Indirect
Common Stock	3750	Indirect
Common Stock	1500	Indirect

Footnotes

F1: Shares of Restricted Stock Units issued on February 27, 2019 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.

F2: Shares of Restricted Stock Units issued on February 27, 2020 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.

F3: Shares of Restricted Stock Units issued on March 1, 2018 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.

F4: Mr. Shuldman relinquished 2,030 shares of common stock of the 6,275 restricted stock units that converted to common stock on February 27, 2021 in order to pay the required income and payroll taxes.

F5: Mr. Shuldman relinquished 1,965 shares of common stock of the 6,075 restricted stock units that converted to common stock on February 27, 2021 in order to pay the required income and payroll taxes.

F6: Mr. Shuldman relinquished 760 shares of common stock of the 2,350 restricted stock units that converted to common stock on March 1, 2021 in order to pay the required income and payroll taxes.

F7: Represents a "net exercise" of outstanding stock options. These shares were withheld by TransAct Technologies for payment of the exercise price based on the market price of TransAct Technologies stock at the time of the option exercise on March 1, 2021 of $11.46 per share.